Provide an appropriate response. 14. In a game, you have a 1/36 probability of winning s85 and a 35/36 probability of losing $4. What is your expected value?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
Problem 35T
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Provide an appropriate response.
14. In a game, you have a 1/36 probability of winning s85 and a 35/36 probability of
losing $4. What is your expected value?
Solve the problem.
15, A 28-year-old man pays s207 for a one-year life insurance policy with coverage of
s70,000. If the probability that he will live through the year is o.9994, what is the
expected value for the insurance policy?
Transcribed Image Text:Provide an appropriate response. 14. In a game, you have a 1/36 probability of winning s85 and a 35/36 probability of losing $4. What is your expected value? Solve the problem. 15, A 28-year-old man pays s207 for a one-year life insurance policy with coverage of s70,000. If the probability that he will live through the year is o.9994, what is the expected value for the insurance policy?
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